Gordon Berlin discusses the nation's long struggle to reduce poverty in families with children, and proposes a counterintuitive solution--rewarding the work of individuals.He notes that policymakers' difficulty in reducing family poverty since 1973 is attributable to two intertwined problems--falling wages among low-skilled workers and the striking increase in children living with a lone parent...

Business finance has been a major problem facing most businesses, both the small and large companies as well as the medium ones. Small and Medium Scale Enterprises (SMEs) are no exceptions of the problems faced by businesses. These enterprises are mostly managed by low income earners. Some of these enterprises cannot grow into large companies because of lack of funds. The objectives of the stud...

Many industrialized economies have seen a rapid rise in top income inequality and in the globalization of production since the 1980s. In this paper I propose an open economy model of executive pay to study how offshoring affects the pay level and incentives of top earners. The model introduces a simple principal-agent problem into a heterogeneous firm talent assignment model and endogenizes pay...

We analyze the effect of means-tested benefits on annuitization decisions. Most industrialized countries provide a subsistence level consumption floor in old age, usually in the form of means-tested benefits. The availability of such means-tested payments creates an incentive to cash out (occupational) pension wealth for low and middle income earners, instead of taking the annuity. Agents trade...

We offer a new explanation for why taxes have become less redistributive in many countries while the concentration of incomes has increased. Our argument is based on prevalence incentive contracts modern economies, conjunction with increased product market integration. Globalization widens spread project returns and makes contract choices more responsive to tax changes. This can result lower op...

We ask whether epidemic exposure leads to a shift in financial technology usage and who participates this shift. exploit dataset combining Gallup World Polls Global Findex surveys for some 250,000 individuals 140 countries, merging them with information on the incidence of epidemics local 3G internet infrastructure. Epidemic is associated an increase remote-access (online/mobile) banking substi...

INTRODUCTION Most individual preventive therapies potentially narrow or widen health disparities depending on the difference in community effectiveness across socioeconomic position (SEP). The equity tipping point (defined as the point at which health disparities become larger) can be calculated by varying components of community effectiveness such as baseline risk of disease, intervention cove...

This paper examines the optimal schedule of marginal tax rates and the design of earned income tax credits. The analysis is based on a structural labour supply model which incorporates unobserved heterogeneity, fixed costs of work and the detailed non-convexities of the tax and transfer system. An analytical framework is developed that allows explicitly for an extensive margin in work choices a...

This research described the budgeting and decision-making before during COVID-19 pandemic of purposively selected low-income earners in Nueva Ecija, Philippines. Through this study, researcher would be able to compare evaluate financial strategy plans respondents. The used descriptive design through a survey questionnaire administered 60 respondents found out that they earn between P150 P420 ($...